Silver is trading at 28.297 level above 28.206 immediate high signaling strong buyers after the price's failure to stabilize under the uptrend line. XAG/USD could increase as long as it stays above the uptrend line.
The price has registered a false breakdown through the uptrend line indicating that Silver may resume its uptrend, upwards movement.
Forecast!
The 28.571 higher high is seen as static resistance. The price dropped from this level, so we have to wait for the price to jump above it before considering buying Silver.
XAG/USD could increase as long as it's trading above the uptrend line. Passing and stabilizing above 28.571 may bring a new buying opportunity. The 29.000, 29.500, and 30.000 levels could be used as upside targets.
